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Chinese investors reboot Iranian Bitcoin mining facility
15.4.2021
A Chinese-Iranian Bitcoin mining facility is set to resume operations after being forced to shut down earlier in the year
Bitcoin power consumption ‘66 times higher than in 2015’: Citigroup
15.4.2021
However energy consumption has not matched the 170X price increase over the same period
Ether Hashrate Climbs to New Heights, Reports Say a 2,000 Megahash ETH Miner Set to Drop This Summer
4.4.2021
In December 2020, the mining rig manufacturer Innosilicon released a new ethereum miner called the Innosilicon A10 Pro+, which processes Ethereum-based hashrate at around 750 megahash per second (MH/s). Regional reports have noted Innosilicon is dropping a new ether mining rig this summer that...
Australians can now exchange solar energy credits for beer with blockchain
31.3.2021
Victoria Bitter has partnered with blockchain energy trading platform Power Ledger to allow customers to earn beer with surplus solar energy
Nic Carter takes aim at claims Bitcoin is an environmental disaster
31.3.2021
Carter argues that mining is concentrated in areas where there is an excess of energy
90% of Bitcoin mining comes from ‘dirty energy,’ Miami mayor says
29.3.2021
The U.S. should address the environmental problems of Bitcoin mining by providing its clean energy to set up mining hubs, Mayor Francis Suarez said
The Wisemining Sato Boiler- A Product That Aims to Heat Your Home and Offset Costs by Mining Bitcoin
19.3.2021
In just over two weeks, a company called Wisemining plans to launch a new product called Sato, a boiler that can provide heat to a home by leveraging ASIC mining rigs for heat production. It also means that the heater provides revenue in the form of cryptocurrency, which offsets the costs...
BTC Miner Stresses: ‘Bitcoin is One of the Most Environment-Friendly Financial Networks’
15.3.2021
While bitcoin has been gathering widespread attention with prices touching all-time highs, mainstream pundits have tried to attack the leading crypto asset for its energy consumption. It seems a new ‘bitcoin is bad for the environment’ editorial is published nearly every week...
‘Existential threat’ to Bitcoin-investing companies from carbon fallout
10.3.2021
Asset managers are warning industry giants like Tesla and PayPal that investing in energy-intensive assets like Bitcoin could diminish their popularity among investors
Kentucky Pushes Mining Tax-Breaks in Bid to Attract Crypto Community
5.3.2021
The Kentucky House Budget Committee approved a bill in a 19-2 vote to eliminate the sales tax on electricity for use in cryptocurrency mining operations. The bill, designed to attract more miners to the state, is now in the Kentucky Senate for review. Lawmakers Urge Greater Crypto Appeal Despite...
Volkswagen pilots blockchain to integrate electric vehicles with power grids
4.3.2021
Energy Web plans to use blockchain technology to help ensure an efficient future for Volkswagen’s electric vehicles
Kentucky to provide tax breaks for local crypto miners
3.3.2021
Kentucky needs to attract more crypto mining businesses by offering tax breaks, local lawmakers believe
An Iranian Think Tank Recommends the Use of Cryptocurrencies to Circumvent Sanctions
3.3.2021
A think tank affiliated with the Iranian Presidency has unveiled a study report that encourages the use of cryptocurrencies in circumventing sanctions against the country. In addition, the report also claims the government could potentially “generate US$2 million a day and $700 million a year...
China’s Inner Mongolia Plans to Shut Down Bitcoin Mining Operations by April This Year
2.3.2021
Inner Mongolia, an autonomous region in northern China, is planning to shut down all cryptocurrency mining activities in the area by April 2021, as part of efforts to improve energy efficiency. Regulating the Electrical Consumption in Inner Mongolia The government of Inner Mongolia will also stop...
Malaysian Police Bust Gang That Stole $2.15 Million Worth of Electricity to Mine Bitcoin
20.2.2021
Police in Malaysia’s Jahor state have busted a seven-men gang that stole 8.6 million Malaysian ringgits ($2.15 million) worth of electricity to mine bitcoin and other cryptocurrencies. ● Police said they seized 1,746 bitcoin (BTC) mining machines across 21 premises in raids carried...
Firm in Portugal to accept Bitcoin for electricity bills
19.2.2021
Some Portuguese residents will reportedly be able to pay for electricity in Bitcoin starting from February
Malaysian Bitcoin Mining Gang Stole Over $2M in Electricity, Say Police
18.2.2021
Police seized 1,746 bitcoin mining machines across 21 premises in raids this week
Russia has imported its largest Bitcoin miner batch
10.2.2021
An unknown client in Russia has stacked 20,000 Bitcoin miners at one of BitRiver’s locations in Siberia
Surge in Bitcoin energy consumption sparks debate in crypto community
5.2.2021
Bitcoin energy consumption has been at its highest historical levels since late 2020, according to Digiconomist’s Bitcoin Energy Consumption Index
Iran Finds Scapegoat In ‘Easy Victim’ Bitcoin as Officials Shut Down 1,600 Mining Farms
27.1.2021
As Iran experiences rolling electricity blackouts, the country’s authorities have responded to the crisis by targeting bitcoin mining farms. The sanctions-hit country’s campaign against miners has seen a total of 1,600 mining centers being shut down. This Iranian blitz on cryptocurrency...